Tax Credits to Boost Investment, Create Jobs

January 23, 2017

Alberta Government creates a new investment program offering a 30% tax credit to investors providing capital to Alberta small businesses doing research, development or commercialization of new technology, new products or new processes.

An investor can either invest directly in an Eligible Business Corporation, or invest in a Venture Capital Corporation. In order to be eligible to register under the Alberta Investment Tax Credit as an Eligible Business Corporation, a business must:

  • Have no more than 100 employees, including affiliates
  • Be incorporated or continued under the Business Corporations Act of Alberta
  • If exporting, pay at least 50% of wages to employees who report to work in Alberta
  • If non-exporting, pay at least 75% of wages to employees who report to work in Alberta
  • Have more than 80% of assets located in Alberta
  • Have at least $25,000 in equity capital